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Gujarat Lease
Financing Limited (GLFL) is a widely held Limited Company
being listed at Bombay Stock Exchange and National Stock
Exchange. The company is having issued share capital of Rs.2801.51
lacs, Subscribed Capital being Rs.2719.90 lacs and paid-up share capital is
of Rs.2716.05 lacs. The company is having Equity Share Capital of
Rs.10/- each. Shareholding pattern of
the company presently is 26% held by Gujarat Industrial Investment
Corporation (a Government of Gujarat undertaking) 25% is held by Torrent
Group of Companies and 49% is held by public. Major area of operation
of the company was Lease Financing. However, since financial year
2000-01, the company has stopped the lease finance activities.
Financial year 2001-02 witnessed the drop in income from operation to Rs.0.59
lacs from Rs.8.39 lacs of 2003-04 and Rs.378.13 lacs of 2002-03 and
Rs.1641.74 lacs in 2001-02. The company has three 100% subsidiaries,
namely GLFL Housing Finance Limited, GLFL Securities Limited and GLFL
International Limited. None of these companies have earned material
operating income during the financial year 2004-05. REGISTERED OFFICE GUJARAT LEASE FINCNING
LIMITED BOARD OF DIRECTORS
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